PM's Employment Generation Program

This scheme is started by Khadi and Village Industry Commission on 15th August,
2008. This scheme is an important scheme of self employment totally sponsored by
Government of India, the implementation of which is being done by three agencies
in the state viz., District Industry Centre, Khadi and Village Industry Commission
and UP Khadi and Village industry Board. Government of India has nominated Khadi
and Village Industry Commission (KVIC) as Nodal Agency for implementation of this
scheme at national level. Government of India has decided share in the ration of
40:30:30 among the 03 agencies. According to this, the target is allocated among
the three agencies.

This scheme is being implemented by UP Khadi and Village industry Board in rural
area of the state. Loan for setting up project up to Rs.25 lakh is sanctioned by
the bank to rural unemployed person/institutions.25% of the project cost as Margin
money is made available to beneficiary of general category in the form of interest
free loan from the budget of Khadi and Village Industry Commission which is converted
into grant after successful running for three years. There is provision to provide35%
Margin money to beneficiary of SC, ST, Other backward, Minority, Women, Ex-Military,
Physically handicapped category. In addition to this, entrepreneur of general category,10%
of the project cost is to be born by the entrepreneur himself and 5% by the entrepreneur
of SC,ST, Other backward, Minority, Women, Ex-Military, Physically handicapped entrepreneur.

Details of scheme are as follows:

Area of Operation- Setting up of industry is admissible in rural
area only.